📥Increase Receiving Capacity
Last updated
Last updated
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This is an essential task as it ensures that you can always receive a payment. But no worries there are several simple options depending on your preferences.
The defined channel size denominated in sats will be your additional receiving capacity. An example: If you defined 1,000,000 sats, you'll increase your receiving capacity by 1,000,000 sats (minus a small Reserve).
Alternatively you can expand the "Advanced Options" to select your preferred node partner yourself. In general we recommend against opening a public channel unless your use case requires a public channel. Learn more here.
Behind the scenes, you are buying a lightning channel that is instantly opened to your node. The fees include the capital costs for ensuring that the liquidity is available for your node and the onchain transaction fees, as opening a channel requires a bitcoin onchain transaction.
That’s probably the most fun option. If your spending balance is high enough you can simply spend some of your sats in these apps.
Benefits: You create more receiving capacity and you also support the bitcoin ecosystem as a whole.
If you have a another lightning wallet or your exchange supports lightning deposits you can send that sats from your spending balance to that wallet. You can send a payment via the Alby Browser Extension or your Hub directly.
📤SendIf you have a bitcoin onchain wallet you can use a so called swap service to move our sats from the lightning network into a bitcoin onchain wallet. You'll reduce the spending balance of your Alby Hub and increase the receiving capacity.
It works with the following swap services:
Boltz Exchange (Guide for swapping from Liquid to your Alby account)
Congrats! You just increase your Hub's receiving capacity. 🥳
Thank you for stopping by! This section was created with contributions from Moritz
